Question

what is forfeiture of share​

Answer 1

Answer:

forfeited share is a share in a company that the owner loses (forfeits) by failing to meet the purchase requirements. Requirements may include paying an allotment or call money owed, or avoiding selling or transferring shares during a restricted period....

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Answer 2

Explanation:

Reissue of Forfeited Shares. The forfeited shares can be reissued at a discount, but the maximum discount should not exceed the amount available in the share forfeiture account. When shares are reissued at a loss, then such a loss should be debited to the share forfeiture account.